How do capitalists make a profit

Reference no: EM133319299

Question: Processes of voluntary market exchange include willing buyers and willing sellers, and like values exchange for like. In industrial capitalism, workers sell their labour-power to capitalists for a wage and those capitalists purchase and consume worker's labour-power in the production process. The profit that capitalists receive by selling the commodities produced by labour power are greater than the amount spent on wages, machines, and materials in the production process. This is the source of capitalism accumulation. But how is this possible, if like values exchanges for like? How do capitalists make a profit? In your answer, use the concepts of use-value and exchange value.

Reference no: EM133319299

Questions Cloud

Explain why that concept matters for how we think about : Take a topic or theme from class, explain it well (this is important), and explain why that concept matters for how we think about the world and its economies

How was regulated capitalism in the core born : How was Regulated Capitalism in the Core born from the Great Depression of the 1930s? How did the era of Regulated Capitalism lead to the stagflation crisis

Review marketing environmental factors on a regular basis : We must deliver the very best quality to really stand out in the marketplace." Canada Bread reviews the marketing environmental factors on a regular basis.

Describe the plot and the main characters of the film : Describe the plot and the main characters of the film What obstacles do the characters need to overcome? How are these obstacles viewed by the characters

How do capitalists make a profit : ECON 2630 University of Manitoba How do capitalists make a profit? In your answer, use the concepts of use-value and exchange value.

What is the european union : EMBA 7020 University of Fredericton What is the European Union? What advantages are there to the EU for its members? What are the 5 main economic factors

Develop a new product delivery system : Santa has been working tirelessly this past year to develop a new product delivery system that would run parallel to his traditional sleigh-based approach.

Purpose of export processing zone : GEOG 2411 University of Winnipeg Discuss and explain, with examples, the role and purpose of Export Processing Zone (EPZ) and how if how and why it has help

Discuss examples of life chances as defined by sociologist : Discuss examples of "life chances" as defined by sociologist, Max Weber. Consider positive, as well as negative outcomes of obvious and invisible life chances

User Account

All Pages